Analysts believe a favorable rate cut on Sept. 17 will push the likes of Ethereum, Solana, and a handful of other altcoins on a northward trajectory.
Solana is already back in the green, minting single-digit profits over the weekend, but suffered a retracement on Monday. The question on everyone’s mind remains, “How high can Ethereum and Solana prices peak this cycle, and which alt will print the highest gains?”
Meanwhile, there is a Remittix, a new alt quietly stealing retail and investor attention, building upside momentum with its 15% referral initiative and much-anticipated wallet launch. Let’s review the near-term targets for the Solana price before considering why the retail buys of RTX tokens are getting aggressive.
Solana Price Outlook: Higher Highs Into Q4
The Solana price broke past the $200 psychological level last week and has recorded new higher highs since then. The asset closed another week in the green zone, seeing a single-digit spike of about 6%. This steady upward trajectory came as a result of the buying spree of retail investors as well as institutional participation.
At report time, the Solana price is exchanging hands at $233, suffering a healthy correction from the recently recorded eight-month peak of $246. Moreover, this uptrend coincided with a rise in perpetual open interest, which crossed the $7 billion mark for the very first time. Strong inflows, including Galaxy’s recent purchases, have fueled optimism that the asset may continue to climb northward, with some analysts setting near-term targets as high as $284.
Source: X
On the other hand, the Solana price could retrace and slip past $230 before October, if demand plunges, but this is highly unlikely. The overall sentiment heading into the final quarter is bullish, with Solana’s strong network activity and increasing institutional participation.
Why Remittix Will Mint Crypto Millionaires
Remittix is a utility-first focused project; it boasts robust real-world applications across business, remittances, and payroll, putting the asset in a distinct category, one with a huge target market and profit potential.
As of today, RTX tokens are selling at $0.1080, and investor accumulation has scooped up $25.7 million worth of tokens. Retail and whale buys are getting aggressive, and this can be traced to several recent developments:
- 15% USDT Referral Program: Early backers can boost earnings when their referrals invest in RTX.
- Beta Wallet Testing: Remittix Beta wallet testing is live, community members and early adopters are actively testing the infrastructure.
- Certik Auditing: The project’s infrastructure and team have been audited and verified by one of the biggest names in blockchain security.
At this pace, experts believe Remittix is bound to mint the next wave of crypto millionaires.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.